Verdane Capital's Meru Networks files for IPO
Meru Networks has filed for an $86.25 million IPO, planning to trade on the NYSE under ticker symbol MERU. Meru Networks Inc., was founded in 2002 in Sunnyvale, California and develops wireless infrastructure solutions.
The company reports $31.8 million in revenue for the first nine months of 2009, with a net loss of $9.43 million. According to Meru Network’s press release, so far the company has raised $160 million in VC funding since 2002 from a number of well-known venture capital funds.
| Fund | Verdane Capital VI K/S Argentum share 11% |
| Portfolio Company | Meru Networks |
| Date of Transaction | 2009-12-20 |
| Transaction | IPO |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | ICT |
| Geography | USA |
| Stage | Venture |